Kabbage raises a record $700 million in debt for its SMB loans platform

Loan platform Kabbage — which offers quick assessment and approvals for small business loans using machine learning algorithms that pull data from dozens of sources — has closed another large securitization as it continues to grow its operations. The company said has closed an asset-backed securitization of $700 million, which it …

Report: Huawei expects international smartphone shipments to plummet

A month after being placed on a trade blacklist by the Trump administration, Huawei is reportedly steadying itself for international shipments of its smartphones to decline by 40% to 60%. According to a report in Bloomberg, Huawei may end up pulling shipments of the Honor 20, its flagship phone for …

Co-design is an old idea, but it belongs to the 21st Century like never before

As with so many apparently new ideas that resonate in a contemporary context, co-design has a long history. Originally referred to as cooperative or participatory design, it was first applied in Scandinavia in the 1960s and 70s, especially as a way of engaging stakeholders in the public sector in the …

Android security: 0.04% of downloads on Google Play in 2018 were ‘potentially harmful apps’

Google’s Android, now 10 years old, has not been a stranger to security issues over the years. But with the mobile operating system now installed on over 2 billion devices globally, Google has been taking an increasingly firmer grip on trying to bring the problem under control. Now, the company has …

SoftBank Vision Fund says its team will balloon to a whopping 800 people by late next year

SoftBank Vision Fund has its pedal to the metal in more ways than one. On stage at the Milken Institute Global Conference yesterday, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly disclosed plans to double the size of the investment arm from 400 employees to 800 employees over the …

Largest ever speculative office development in Bristol gets green light

AXA Investment Managers – Real Assets (AXA IM – Real Assets), along with development manager Bell Hammer, is to commence construction of the initial phase of its 300,000 sq ft mixed-use Assembly Bristol regeneration project, having appointed Galliford Try as the main contractor. The construction contract and initial work has …

Alexa, does the Echo Dot Kids protect children’s privacy?

A coalition of child protection and privacy groups has filed a complaint with the Federal Trade Commission (FTC) urging it to investigate a kid-focused edition of Amazon’s Echo smart speaker. The complaint against Amazon Echo Dot Kids, which has been lodged with the FTC by groups including the Campaign for …

Xiaomi’s Mi 9 includes a triple lens rear camera and wireless charging

Mobile World Congress, the mobile industry’s annual shindig, is next week but Xiaomi can’t wait reveal its newest top-end phone. The Chinese company instead picked today to unveil the Mi 9. Once again Xiaomi’s design ethic closely resembles Apple’s iPhone with a minimal bezel and notch-like front-facing camera but Xiaomi …

Central London office investment last year reached highest level since 2014

Investment in Central London offices totalled £5bn in the final quarter of 2018, bringing the year-end total to £17.6bn, a 10 percent rise from 2017 and the highest level since 2014, according to data from CBRE. The final quarter of 2018 saw a 16 percent quarterly rise in investment volumes …

China’s housing unicorn Danke appoints ex-Baidu exec as new COO

A few months after nabbing a handsome $500 million funding round, China’s shared housing startup Danke Apartment got a talent boost. On Monday, Danke announced the appointment of Gu Guoliang as its new chief operating officer to ramp up the company’s offline operational crew. Gu, whose nickname is Michael, stepped …

Grocery delivery startup Honestbee is running out of money and trying to sell

Honestbee, the online grocery delivery service in Asia, is nearly out of money and trying to offload its business. The company has held early conversations with a number of suitors in Asia, including ride-hailing giants Grab and Go-Jek, over the potential acquisition of part, or all, of its business, according …

Employers need to better understand flexible work needs of Gen Z candidates

Employers need to better understand the needs of Generation Z candidates, particularly that of flexible working, says Gartner, after its latest Global Labor Market Survey revealed that a rise in Gen Z candidate’s regrets is leading to high turnover, low engagement and low productivity.  According to the survey, 40 percent …